Reference no: EM133130120
Question - During the month of June 20x9, the following transactions took place at Bobs' business:
June 1 Bob opened bank account with £100,000 obtained from private resources.
June 4 Van purchased for £30,000 paying by cheque.
June 5 Bought goods costing £6,000 on credit from Alice.
June 10 Sold some goods on credit to Daniel for £18,000.
June 15 Bob transferred £1600 of the bank account to open a petty cash account.
June 18 Bob withdrew £1900 in cash from the bank account for personal use.
June 20 Sold goods on cash to Ebenezer for £20,000.
June 23 Bob paid Alice's account by cheque after receiving cash discount of £800.
June 25 Daniel returned goods of £1400 to Bob and is allowed a cash discount of £600.
June 30 van repairs of £600 paid out of the petty cash.
Required -
1. Journalise the above transactions.
2. Post the above transactions in Bobs' ledger accounts of June20x, Close & Balance off the accounts.
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